CAUSE OF DEATH
Charity Cycling Marathon: A Three-Day Collapse
In the unforgiving ecosystem of Solana, we observe the tragic demise of Charity Cycling Marathon—a token that pedaled furiously for 67 hours before discovering there was no finish line. With liquidity vanishing like a cyclist in the Tour de France, and 99.7% of holdings concentrated among a select few, the market's oxygen grew thin. The authorities may have been revoked, but the rug pull required no permission.
CAUSE OF DEATH
Illiquidity, concentration, and hubris
EPITAPH
"It raised money for charity and delivered only for holders—nature's perfect irony."